Who controls your city's money? | Trinity Tran
TED Business

Who controls your city's money? | Trinity Tran

B2Upper-intermediateOctober 5, 202636 min
  • Interview
  • Business & money

What if your city could borrow money from its own bank instead of private lenders? TED Fellow Trinity Tran is leading the push for public banks — which are owned by the people through their local governments — and shows how this model could ensure your local tax dollars stay in your community. (Following her story, pulled from a short film she made for TED, Trinity joins Lily James Olds, director of the TED Fellows program, to dig more into how a public bank actually works, why it’s an ideal solution to reinvesting funds into local communities, and wh...

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borrowed some money from a parent,

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B2

B2 · Upper-intermediate

Comfortable if you already follow TV news

A1 27%A2 37%B1 20%B2 13%C1 2%
  • 85% of the words are B1 or easier.
  • 171 words a minute: natural, fairly fast speech.
  • 205 harder words (B2 and up) in the whole episode.

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0:00

Everyone I know has at one point or another borrowed some money from a parent, from a sibling, from a partner, from a friend. And sure, this can be a potential risk

0:12

on a personal and relationship level. That's a whole other podcast episode. But from a business perspective, one of the clear advantages of this type of arrangement

0:23

is that there's usually no interest or fees. But when it comes to local governments, What options do they have? We want our money invested locally,

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